How Tariffs Will Make Everything More Expensive In The U.S. | CNBC Marathon
CNBC Marathon explores how tariffs will increase pricing across key American industries and commodities.
Aluminum is a critical mineral used in American defense, transportation and energy systems. Producing aluminum requires large amounts of electricity, and typically occurs in China, Russia, India and Canada. In March 2025, the Trump administration imposed 25% tariffs on all aluminum entering the United States. Companies including Alcoa, Ford, Coca-Cola and Lockheed Martin could face higher input costs. But aluminum production’s return may take time due to high demand for the electricity required to process the metal.
A plan to re-shore automotive manufacturing by imposing tariffs will take years and require billions of dollars in investment. In the meantime consumers could see higher prices and fewer choices. CNBC breaks down which vehicles are likely most affected and how much prices are likely to rise.
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How Tariffs Will Make Everything More Expensive In The U.S. | CNBC Marathon
Credit to : CNBC